Arsenal Signs New Emirates Sponsorship Deal

Arsenal has extended its stadium naming rights deal and shirt sponsorship with Emirates airline in a deal worth 150 million pounds ($239 million).

Arsenal's ground has been known as Emirates Stadium since the team moved into the new north London base in 2006 and it will continue to carry the name until 2028.

But Arsenal says the new deal will guarantee Emirates' name on its shirts only to 2019.

The Dubai-based carrier is also hoping to extend its shirt sponsorship with Paris Saint-Germain, which started in 2006, despite reports in September that the club's Qatari owners could sign a deal with a company from their homeland.

"We still have this year so we are now in final negotiations ... we are almost finalizing the deal, so I don't see any reason (not to)," Emirates senior vice president Boutros Boutros said.

"We have no indication from Paris Saint-Germain they are talking to anyone else," he added.